South Korean telecommunications giant KT Corp.’s CEO nominee Kim Young-shub will take the stage as a keynote speaker at a global leadership conference organized by the UK-based mobile industry nonprofit GSMA next month. It will likely mark his first official schedule to step outside as KT’s new chief. The KT CEO nominee will deliver a keynote speech at the Mobile 360 APAC, the Asia-Pacific leg of the even.
KT struggling to sell off KT Submarine
Posted : 2021-01-12 14:51 By Kim Bo-eun
KT is said to be tapping the market to sell off its affiliate specializing in submarine optical cables, but there appears to be little interest in the company.
KT Submarine, established in 1995, constructs and maintains optical submarine cables. It also installs offshore drilling facilities.
KT is seriously considering unloading its controlling stake in the affiliate. Previously, KT had attempted to sell the affiliate to Hyundai Heavy Industries in 2012.
Sources familiar with the issue said Tuesday that KT resumed efforts recently to sell the unit as a way to restructure its group of affiliates to strengthen the group s core strengths through the sale of unprofitable business units. Last year, KT CEO Ku Hyeon-mo stated that preparations were being made for structural changes, and that results would be seen in 2021.